There's one golden investment rule that you should always keep in mind: Never invest money that you can't afford to lose. This rule will help you to overcome the fear of losing opportunity and enhance your confidence in trading.
Yes, the fear is greater than actually losing, in my opinion.
Feb 23 at 12:13
I think most traders lose their money in this risky market because of their low knowledge and experience.
If you are new in this market, you have to be very careful when you are going to trade. You need to make a good plan to make money from this market. A wrong decision can put you in great danger.
Feb 23 at 18:01
Tremblay posted:
If you are new in this market, you have to be very careful when you are going to trade. You need to make a good plan to make money from this market. A wrong decision can put you in great danger.
True. New traders should trade safely. Most of time new traders lose money in the market.
If you are scared after entering the trade, the chances of loss are much higher. So you have to overcome the fear and participate in the trade.
Feb 24 at 06:43
AliaDare posted:
If you are scared after entering the trade, the chances of loss are much higher. So you have to overcome the fear and participate in the trade.
I agree. FOMO is a common thing we experience but over the time I have learnt that in forex one can't survive by being fearful. Confidence and faith is what will help you tap the opportunity on the right time.
AliaDare posted:
If you are scared after entering the trade, the chances of loss are much higher. So you have to overcome the fear and participate in the trade.
I think fear is common but one thing which is not good is to indulge in revenge trading so that's why it is important to keep faith.
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